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Fri 03 Mar 2009Former bosses seek control of Payzone
FORMER PAYZONE executives John Nagle and John Williamson, who were sacked by the group last March, are preparing to wrestle control of the e-payments business back from investment group Balderton Capital, which owns 54 per cent and is headed by Irishman Barry Maloney.
This follows a move by the troubled Dublin-based Payzone to refinance its hefty €276 million net debt which is held with a syndicate of seven banks led by Royal Bank of Scotland.
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